FOR SALE
327 S Madison Way
Glendale, CA 91205
Adams Hill
16 Beds
20 Baths
11,305 sqft
- 16 Beds
- 20 Baths
- 11,305 sqft
16 Beds
20 Baths
11,305 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
*** Just reduced by $225,000 - Bring ALL offers - current ownership is motivated to meet the market *** 327 S. Madison Way is an 8-unit townhouse complex in Glendale (built in 1983) located down the street from the new East End Studios. This well-maintained property features (8) 2-bdrm. and 2.5-bath townhouse-style units with direct access to a private 2-car garage, central A/C, in-unit laundry, and a private patio. Each spacious townhome averages approx. 1,281 SF, and tenants are responsible for paying the costs of gas, electricity, and water. Ownership upgraded several units including, wood laminate flooring, updated cabinetry, stainless steel appliances, and recessed lighting. This turnkey property is equipped with subterranean parking (no retrofitting required), copper plumbing, a new roof in 2019, and upgraded decks in 2020 (per ownership). 327 S. Madison is located 1.4 miles from The Americana at Brand, Glendale Galleria, Glendale Fashion Center, and an array of dining/entertainment amenities along Brand Blvd. Please note that the City of Glendale currently allows an 8.8% annual rental increase (5% + CPI). The property offers approx. 23% rental upside compared to renovated units in the area. The property will stabilize at 6.15% CAP and 11.29 GRM at the list price.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$323
Listed
38 days ago
Home Details for 327 S Madison Way
Interior Features |
|---|
Beds & Baths Number of Bedrooms: 16Number of Bathrooms: 20 |
Dimensions and Layout Living Area: 11305 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Dryer, Washer, Range/Oven, Disposal, Exhaust Fan, FreezerDishwasherDisposalDryerLaundry: In UnitWasher |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Windows, Doors, Floors & Walls Flooring: Wood Laminate, Tile |
Levels, Entrance, & Accessibility Stories: 2Levels: TwoFloors: Wood Laminate, Tile |
View No ViewView: None |
Security Security: Gated, Card/Code Access |
Exterior Features |
|---|
Exterior Home Features Other Structures: None |
Parking & Garage Number of Garage Spaces: 16Number of Covered Spaces: 16No CarportHas a GarageNo Attached GarageParking Spaces: 16Parking: Garage - 2 Car |
Days on Market |
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Days on Market: 38 |
Property Information |
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Year Built Year Built: 1983 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Price & Status |
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Price List Price: $3,650,000Price Per Sqft: $323 |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: Glendale |
Agent Information |
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Listing Agent Listing ID: 24-370485 |
Building |
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Building Area Building Area: 11305 Square Feet |
Lot Information |
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Lot Area: 10304 sqft |
Listing Info |
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Special Conditions: Standard |
Compensation |
|---|
Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Miscellaneous |
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Mls Number: 24-370485 |
Last check for updates: about 11 hours ago
Listing courtesy of Kenny Stevens DRE # 01090251, (310) 968-7005
Compass, (310) 230-5478
Source: CLAW, MLS#24-370485
Price History for 327 S Madison Way
| Date | Price | Event | Source |
|---|---|---|---|
| 04/25/2024 | $3,650,000 | PriceChange | CLAW #24-370485 |
| 04/18/2024 | $3,875,000 | PendingToActive | CLAW #24-370485 |
| 03/29/2024 | $3,875,000 | Contingent | CLAW #24-370485 |
| 03/19/2024 | $3,875,000 | Listed For Sale | CLAW #24-370485 |
| 04/05/2023 | ListingRemoved | CLAW #23-245411 | |
| 02/27/2023 | $3,950,000 | Listed For Sale | CLAW #23-245411 |
| 12/16/2021 | ListingRemoved | RE/MAX International | |
| 11/05/2021 | $3,700,000 | Pending | CLAW #21787562 |
| 10/15/2021 | $3,700,000 | Contingent | CLAW #21787562 |
| 09/24/2021 | $3,700,000 | Listed For Sale | CLAW #21787562 |
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Comparable Sales for 327 S Madison Way
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.68 | Multi-Family Home | $4,375,000 | 11/29/23 | 22 | 20 | 9,580 | |
0.86 | Multi-Family Home | $4,150,000 | 06/21/23 | 18 | 19 | 11,300 | |
0.58 | Multi-Family Home | $2,510,000 | 02/07/24 | 10 | 9 | 5,527 | |
0.31 | Multi-Family Home | $1,800,000 | 10/26/23 | 6 | 6 | 3,488 | |
0.42 | Multi-Family Home | $1,750,000 | 06/09/23 | 10 | 5 | 3,971 | |
0.82 | Multi-Family Home | $2,000,000 | 11/29/23 | 14 | 8 | 5,428 | |
0.91 | Multi-Family Home | $1,150,000 | 06/08/23 | 12 | 12 | 6,951 | |
0.35 | Multi-Family Home | $1,650,000 | 10/17/23 | 6 | 4 | 2,840 | |
1.02 | Multi-Family Home | $5,575,000 | 12/20/23 | 33 | 18 | 17,405 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Adams Hill
- Joannaline C.
- Resident
- 3y ago
"It’s good for families. Clean and many nearby parks. A lot of other families live here too. It’s very quiet. "
- Chantal M.
- Resident
- 4y ago
"Very dog friendly neighborhood. You see a lot of people walking their dogs. There’s dog stations with bags to pick up poop in some areas. "
- Diana K.
- Resident
- 4y ago
"I love this area if it’s only me I would prefer to live here but as you school district I have to move to LA Crescenta has the best high school nearby "
- Trulia User
- Resident
- 5y ago
"The square can get dangerous at night and so can Palmer Park. It’s a wonderful area to raise a family though."
- Nmarzok0629
- Resident
- 5y ago
"There is a lot of traffic and speeding drivers on all the streets surrounding my neighborhood especially in my residential area "
- Dean H.
- Resident
- 5y ago
"I’ve lived in this neighborhood for nearly 6 months, and it’s very safe, very quiet, and pretty boring. But honestly, it’s a family friendly area, and I love that."
- Dynomysus
- Resident
- 6y ago
"Ample parking, quiet neighborhood with easy access to east side “cool” spots. It’s called the “Hidden Jewel” for a reason. "
- holidaymaker
- 10y ago
"I was fortunate enough to spend some time in the Adams Hill area of Glendale while visiting from Canada, and indeed was a guest in this very house. It's cosy and inviting, and with spectacular mountain views. I enjoy a bit of a work-out when I walk and found the surrounding neighbourhood with its winding, hilly roads a perfect blend of strenuous and interesting. Lucky is the successful applicant who gets to live here for a while!"
- Mbwd
- 10y ago
"Great for families. Beautiful older homes with nice lots. Also many bungalow smaller homes. Well kept area, but not stuffy. Not good for Silver Lake hipster dufi (plural of dufuses). "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Kenny Stevens, Compass
© 2024 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW as of 2024-01-24 14:45:40 PST. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
327 S Madison Way, Glendale, CA 91205 is a 16 bedroom, 20 bathroom, 11,305 sqft multi-family built in 1983. 327 S Madison Way is located in Adams Hill, Glendale. This property is currently available for sale and was listed by CLAW on Mar 19, 2024. The MLS # for this home is MLS# 24-370485.